March 28, 2005
Uncategorized
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March 21, 2005
Debt Strategy Consultations 2005/06 and the Review of the Debt Distribution Framework - Summary of Comments
In October and November 2004, officials from the Department of Finance and the Bank of Canada consulted with interested parties on issues related to the government's domestic debt program, and the review of the government's debt distribution framework. -
March 21, 2005
Inflation Targeting: A Canadian Perspective
The invitation is timely, given that the Bank of Canada's inflation-targeting agreement with the Canadian government is up for renewal next year. At the Bank, we are always reflecting on our framework, deciding what works well and what we can improve. Against that backdrop, we have watched with interest the debate taking place here in the United States - inside and outside the Federal Reserve - about whether that institution should join the ranks of inflation-targeting central banks. -
March 21, 2005
Summary of Comments—Debt Distribution Framework Consultations
In the autumn of 2004, officials at the Department of Finance and the Bank of Canada launched a review of the debt distribution framework to assess the framework's effectiveness in ensuring that the government has continued access to stable, low-cost funding sources over a medium-term horizon and that the Government of Canada securities market continues to function well. -
March 21, 2005
Summary of Comments – Debt Strategy 2005/06 Consultations
In October 2004, officials from the Department of Finance and the Bank of Canada sought views from Government Securities Distributors and institutional investors on a number of issues related to the design and operation of the domestic debt programs. -
March 2, 2005
Bank of Canada Announces Research Fellowship for 2005
The Bank of Canada today announced that Professor Paul Beaudry of the University of British Columbia is the recipient of the Bank's Research Fellowship for 2005. -
March 1, 2005
Bank of Canada keeps target for the overnight rate at 2 1/2 per cent
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. -
Monetary Policy under Model and Data-Parameter Uncertainty
Policy-makers in the United States over the past 15 to 20 years seem to have been cautious in setting policy: empirical estimates of monetary policy rules such as Taylor's (1993) rule are much less aggressive than those derived from optimizing models. -
February 18, 2005
Additional release time for calls for tenders for cash management bills
Effective immediately, calls for tenders for cash management bills may be released on any day at either 10:00 a.m. or 4:00 p.m. The addition of a later time to the existing Auction Timetable will increase the ability of the government's cash managers to raise balances on short notice in response to unexpected developments. -
February 17, 2005
Monetary Policy and Exchange Rate Movements
Every year, the Canadian Press surveys news directors and editors to select the top business story of the year. In 2004, they picked the rise of the Canadian dollar. That was not a surprising choice.